According to Markets and Markets, the global electric vehicle charging station market size is projected to grow from 2,115 thousand units in 2020 to 30,758 thousand units by 2027, indicating a paradigm shift from conventional vehicles to electric vehicles. Developing adequate EV Charging infrastructure to cater to the rising demand for EVs on the road is the need of the hour.
With the sudden surge in demand for electric vehicles, the EV automakers are focusing on long-range battery vehicles and investing in enhancing the EV charging infrastructure.
One of the prime concerns of EV users is the range of their vehicles. This range anxiety among customers cannot be compensated by larger EV batteries or a more extended range of their vehicle alone; the charging infrastructure needs to be addressed as well.
EV charging solution providers are focusing on providing more innovative and reliable e-mobility charging solutions that help create a digital space linking vehicles, buildings, and utilities. Electric vehicles require compact EV charging solutions that ensure faster and on-demand charging and robust connectivity to support electric vehicles’ current and future needs.
It is also imperative to consider the range of the electric vehicle after charging the vehicle for an hour. The efficiency of an electric vehicle does not entirely depend on the power that it accumulates from the charging station; it also depends on external factors such as traffic, temperature, acceleration, and more. 3 to 7 KWh of stored energy (in the battery) enables the vehicle to travel between 15 and 30 miles. This quantum of charge can be obtained in an hour from an AC level 2 charger. Rather than recharging the EVs from empty to full, EV owners prefer to do a top-up charge. A top-up charge is typically when the vehicle is charged to its maximum capacity without waiting for the battery to run empty.
The EV charging station comprises an Electric Vehicle charger, Power Grid, Facility Meter, Energy Controller, Software platform, Network operating center, and other relevant components.
The power storage system at Electric Vehicle Charging Station consists of three main units: Battery, Power Conversion System, and Software. Let’s discuss them in detail:
EV solution providers target all kinds of customers with state-of-the-art smarter, more reliable, more accessible, and emission-free solutions. The latest EV charging solutions have a compact design, high-quality AC wall boxes, DC fast charging with robust connectivity, and separate on-demand EV charging solutions for EV fleets. Some of the business use cases of the Electric Vehicle Charging Solutions are:
Residential Charging: EV Charging solution vendors provide easy to install EV chargers for individual houses, housing societies, and residential buildings. Home chargers are well integrated with proper safety features for people and electric vehicles. These chargers are compact, lightweight, have attached AC input cables and DC output cables, and provide flexibility to be used as portable chargers or to be wall-mounted. These chargers have more than 95% conversion efficiency, lowering the total cost of ownership of battery-powered vehicles.
Public Charging: Public charging stations use AC Type 2 chargers, which are suitable for general applications such as workplaces, businesses, malls, hotels, and public commercial charging. These systems are robust and durable and can be managed by a centralized management software. EV charging solutions installed in public places offer simple plug-and-play devices and charge all the type 2 compatible vehicles. The admin can use RFID tags for user authentication and remotely manage the applications and energy costs through the software associated with these chargers.
Fleet Charging: EV Fleet charging solutions require a DC charger to support all types of vehicles and charging needs. These fast DC chargers come with cutting-edge technologies in hardware design and application software. They also allow seamless integration with payment platforms and are capable of firmware and software up-gradation over-the-air. These DC chargers can accommodate 30KW – 300 KW of EVs.
Electric vehicle charging infrastructure is moving towards utilizing renewable sources of energy like solar and wind, and vehicle to grid (V2G) or Bidirectional chargers are steps in this direction. On the other hand, to reduce range anxiety among EV owners and to make using EV chargers easier, wireless charging of electric vehicles is also creating a buzz in the automotive marketspace.
With the electric vehicle infrastructure falling in place, the industry is looking forward to delivering e-mobility solutions that are not restricted to automobiles and develop capabilities to energize our highways, industrial fleets, and businesses, cities, and utilities.
eInfochips (An Arrow Company), as a complete design & development partner for next-generation electric vehicle chargers, can assist the clients in hardware design, firmware development, software, connectivity & testing across basic & advanced variants of the electric chargers. To know more please contact our experts today.
